Problem 12-2 Prepare Journal Entries for all of the following transactions: On January 1, 20X8, Stacy Corporation began

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Problem 12 2 Prepare Journal Entries For All Of The Following Transactions On January 1 20x8 Stacy Corporation Began 1 (17.57 KiB) Viewed 64 times

Problem 12-2 Prepare Journal Entries for all of the following transactions: On January 1, 20X8, Stacy Corporation began operations by selling 200.000 shares of S1 par value stock to the public for $5 per share. On June 30, they sold 50,000 more shares at $6 per share. On July 1, they declared a dividend of $.50 per share, payable on July 30 to shareholders of record on July 15. On July 30 they paid the dividend.